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California Dreaming - Minimum Wage Edition

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Manage episode 411797655 series 2422509
Content provided by John Norris. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Norris or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Last week, the minimum wage for fast food workers in California went to $20. This will become the de facto minimum wage for unskilled labor across the state. While it might seem like a win for workers, what will be the likely end result? After all, someone will have to absorb this mandated cost increase, and it isn’t just going to be employers. Don’t tell anyone in Sacramento that, though.

In this week’s Trading Perspectives, Sam and John discuss the concept of the minimum wage and what its real impact is. If you took an Econ 101 class, you already know the answer.

  continue reading

133 episodes

Artwork
iconShare
 
Manage episode 411797655 series 2422509
Content provided by John Norris. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John Norris or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Last week, the minimum wage for fast food workers in California went to $20. This will become the de facto minimum wage for unskilled labor across the state. While it might seem like a win for workers, what will be the likely end result? After all, someone will have to absorb this mandated cost increase, and it isn’t just going to be employers. Don’t tell anyone in Sacramento that, though.

In this week’s Trading Perspectives, Sam and John discuss the concept of the minimum wage and what its real impact is. If you took an Econ 101 class, you already know the answer.

  continue reading

133 episodes

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